Can I retire at age 50 with 5,600,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $5,600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$462,443$458,324$454,305$450,382$446,552$429,683
2 years$228,932$224,668$220,536$216,530$212,644$195,845
3 years$151,105$146,823$142,702$138,733$134,910$118,709
4 years$112,200$107,931$103,850$99,949$96,219$80,740
5 years$88,862$84,619$80,592$76,771$73,144$58,426
6 years$73,309$69,098$65,130$61,394$57,876$43,930
7 years$62,204$58,028$54,124$50,475$47,069$33,891
8 years$53,879$49,741$45,901$42,343$39,048$26,625
9 years$47,408$43,308$39,535$36,066$32,884$21,199
10 years$42,233$38,174$34,467$31,090$28,019$17,050
11 years$38,003$33,984$30,344$27,057$24,097$13,821
12 years$34,480$30,502$26,930$23,733$20,882$11,271
13 years$31,501$27,565$24,060$20,953$18,210$9,237
14 years$28,950$25,056$21,618$18,599$15,963$7,599
15 years$26,741$22,889$19,518$16,587$14,055$6,272
16 years$24,810$21,000$17,696$14,852$12,422$5,189
17 years$23,108$19,341$16,103$13,345$11,014$4,303
18 years$21,597$17,872$14,700$12,026$9,793$3,574
19 years$20,247$16,563$13,457$10,867$8,729$2,972
20 years$19,033$15,391$12,350$9,842$7,797$2,475
21 years$17,936$14,336$11,360$8,932$6,977$2,063
22 years$16,940$13,383$10,470$8,121$6,254$1,721
23 years$16,032$12,516$9,667$7,396$5,614$1,436
24 years$15,201$11,727$8,940$6,746$5,046$1,200
25 years$14,438$11,005$8,280$6,161$4,541$1,002
26 years$13,734$10,343$7,680$5,633$4,090$838
27 years$13,084$9,734$7,131$5,156$3,687$701
28 years$12,481$9,172$6,629$4,724$3,327$586
29 years$11,921$8,653$6,169$4,332$3,004$490
30 years$11,399$8,172$5,746$3,976$2,715$410
31 years$10,912$7,725$5,357$3,651$2,454$343
32 years$10,456$7,310$4,998$3,356$2,220$287
33 years$10,029$6,922$4,667$3,086$2,009$240
34 years$9,627$6,561$4,361$2,839$1,819$201
35 years$9,250$6,223$4,077$2,614$1,648$169
36 years$8,894$5,906$3,814$2,407$1,493$141
37 years$8,558$5,610$3,570$2,218$1,353$118
38 years$8,241$5,331$3,343$2,044$1,227$99
39 years$7,941$5,069$3,132$1,885$1,112$83
40 years$7,656$4,823$2,936$1,739$1,009$69
41 years$7,386$4,591$2,753$1,604$915$58
42 years$7,130$4,372$2,582$1,480$831$49
43 years$6,886$4,166$2,423$1,367$754$41
44 years$6,654$3,971$2,274$1,262$684$34
45 years$6,432$3,787$2,135$1,165$621$29
46 years$6,221$3,613$2,006$1,076$564$24
47 years$6,020$3,447$1,884$994$512$20
48 years$5,828$3,291$1,771$919$465$17
49 years$5,644$3,143$1,664$849$422$14
50 years$5,468$3,002$1,565$785$384$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $5,600,000, adding $6,393 every year, while hoping to spend $45,167 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 33/42/25 Blend
49$5,600,000$5,600,000$5,600,000$5,600,000
50$6,177,794$5,880,994$5,794,194$6,334,327
51$6,759,872$6,121,106$5,940,243$6,692,951
52$7,399,808$6,371,469$6,089,670$7,074,678
53$8,103,456$6,632,538$6,242,541$7,485,184
54$8,877,265$6,904,789$6,398,923$7,927,042
55$9,728,341$7,188,719$6,558,882$8,403,072
56$10,664,513$7,484,848$6,722,486$8,916,367
57$11,694,408$7,793,719$6,889,803$9,470,322
58$12,827,528$8,115,902$7,060,902$10,068,662
59$14,074,345$8,451,991$7,235,851$10,715,474
60$15,446,397$8,802,608$7,414,722$11,415,246
61$16,956,398$9,168,404$7,597,583$12,172,908
62$18,618,355$9,550,059$7,784,506$12,993,870
63$20,447,702$9,948,287$7,975,562$13,884,079
64$22,461,446$10,363,831$8,170,822$14,850,065
65$24,678,326$10,797,472$8,370,357$15,899,006
66$27,118,991$11,250,024$8,574,240$17,038,788
67$29,806,193$11,722,340$8,782,542$18,278,081
68$32,765,004$12,215,314$8,995,336$19,626,413
69$36,023,049$12,729,879$9,212,694$21,094,260
70$39,610,768$13,267,011$9,434,688$22,693,144
71$43,561,706$13,827,735$9,661,390$24,435,730
72$47,912,825$14,413,118$9,892,871$26,335,952
73$52,704,855$15,024,283$10,129,204$28,409,132
74$57,982,677$15,662,399$10,370,459$30,672,128
75$63,795,747$16,328,694$10,616,706$33,143,483
76$70,198,563$17,024,450$10,868,016$35,843,599
77$77,251,180$17,751,011$11,124,458$38,794,926
78$85,019,773$18,509,784$11,386,101$42,022,167
79$93,577,266$19,302,239$11,653,011$45,552,507
80$103,004,015$20,129,917$11,925,254$49,415,863
81$113,388,571$20,994,429$12,202,897$53,645,167
82$124,828,514$21,897,465$12,486,003$58,276,664
83$137,431,372$22,840,790$12,774,633$63,350,252
84$151,315,637$23,826,254$13,068,849$68,909,853
85$166,611,885$24,855,793$13,368,708$75,003,821
86$183,464,004$25,931,434$13,674,267$81,685,389
87$202,030,557$27,055,299$13,985,580$89,013,171
88$222,486,276$28,229,611$14,302,698$97,051,700
89$245,023,709$29,456,694$14,625,671$105,872,038
90$269,855,040$30,738,985$14,954,544$115,552,433
91$297,214,093$32,079,035$15,289,361$126,179,051
92$327,358,536$33,479,512$15,630,159$137,846,783
93$360,572,312$34,943,214$15,976,975$150,660,130
94$397,168,325$36,473,069$16,329,841$164,734,179
95$437,491,387$38,072,142$16,688,783$180,195,685
96$481,921,476$39,743,644$17,053,825$197,184,250
97$530,877,321$41,490,938$17,424,983$215,853,636
98$584,820,359$43,317,544$17,802,271$236,373,204
99$644,259,083$45,227,151$18,185,694$258,929,499
100$709,753,849$47,223,621$18,575,254$283,728,003